- Pi Network has rebounded 10% after falling to a record low of $0.07, but the overall trend remains bearish.
- Traders are watching whether PI can reclaim $0.10 or continue falling toward lower support levels.
Pi Network (PI) has staged a sharp recovery after suffering one of its steepest declines of 2026. Although the PI has climbed around 10% from its recent record low, market sentiment remains cautious as traders wait to see whether the rebound marks the beginning of a recovery or just a temporary pause.
Pi Network Price Hits Record Low After Losing Key Support
Pi Network endured a difficult week after falling below the important $0.10 support level. Once that level broke, selling pressure intensified, triggering a sharp decline that pushed PI to a new all-time low of $0.07.
The loss of support also changed market sentiment. Buyers stepped back while sellers dominated trading, extending the downtrend. Over the past 10 days, PI recorded only one daily gain, highlighting the strong bearish pressure that has weighed on the coin.
Despite the heavy losses, PI has managed to recover to around $0.08, offering some relief after the steep sell-off.
Selling Pressure Shows Signs of Slowing
The breakdown below $0.10 led to a surge in selling volume, accelerating the decline. Increased sell orders likely triggered additional liquidations, putting even more pressure on the price.
While selling activity has eased compared to the previous day, traders remain cautious. PI continues to hold above the $0.07 support level, but it is still too early to confirm whether the latest rebound is the start of a sustained recovery.
If buyers fail to maintain control, PI could face another wave of selling.
RSI Reaches Record Low
Technical indicators suggest that Pi Network has reached deeply oversold conditions. The daily Relative Strength Index (RSI) has dropped to 12, its lowest reading since PI began trading.
Such extreme RSI levels often appear near major market bottoms because selling pressure becomes exhausted. However, oversold conditions alone do not guarantee a reversal. Buyers still need to regain momentum before a stronger recovery can develop.
For now, the unusually low RSI suggests that the selling may be approaching its limits, but confirmation is still needed.
Key Pi Network Price Levels to Watch
The most important support level remains at $0.07, where buyers recently stepped in. On the upside, $0.10 has become the first major resistance after previously acting as support. A successful move above this level could improve short-term sentiment and open the door toward $0.13. Beyond that, $0.16 stands as the next significant resistance area.
If PI loses support at $0.07, analysts believe the price could fall further toward $0.06 or even $0.05 before finding stronger buying interest.
Outlook
Pi Network has bounced 10% from its latest all-time low, but the broader trend remains bearish. The recent recovery offers hope that selling pressure is beginning to fade, especially after momentum indicators reached historic extremes.
However, PI still needs to reclaim the $0.10 level and establish higher lows before a lasting trend reversal can be confirmed. Until then, traders are likely to remain cautious as the market searches for a more reliable bottom.
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